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Cenvat credit on composition scheme

Service Tax (Legacy) 478 views 1 replies

Hello friends

Can anyone plz guide me whether CENVAT CREDIT be used for the payment of Service Tax under compostion schemes given under rule 6 of Service Tax Rules like in case of life insurance  business 3.5% premium, and in case of lottery Rs. 8200 or incase of foreign exchange transactions or whether the tax calculated here is required to be paid in cash?

 

Thanking you in advance

Replies (1)
Originally posted by : ARUNKALIA
Hello friends

Can anyone plz guide me whether CENVAT CREDIT be used for the payment of Service Tax under compostion schemes given under rule 6 of Service Tax Rules like in case of life insurance  business 3.5% premium, and in case of lottery Rs. 8200 or incase of foreign exchange transactions or whether the tax calculated here is required to be paid in cash?

 

Thanking you in advance

find attached the PDF file for your reference


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